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1029 Claremont Dr Brentwood, CA 94513

3 Beds 3 Baths 1,802 sqft Built 1995

$675,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $374.58
  • 3 Days on Market
  • MLS # : BE40934492
  • Updated Date : 01/15/2021 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,802 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California

Listing Agent's Description

HONEY!! STOP THE CAR!! UNDER $700,000 WITH A POOL AND A SPA AND A 400 SQUARE FOOT APARTMENT OVER THE GARAGE!! WOW!! HOUSE HAS 3 BEDROOMS AND 2.5 BATHS AND 1802 SQUARE FEET! LIGHT AND BRIGHT! 2 AIR CONDITIONING ZONES! GORGEOUS POOL, INVITING BACK PORCH. NEW STAIRCASE TO UPSTAIRS APARTMENT. HUGE DRIVEWAY WITH ROOM FOR RV. 2 CAR DETACHED GARAGE! FAMILY ROOM IN HOME HAS PELLET STOVE. FOUR BURNER GAS STOVE! REFRIGERATOR, WASHER AND DRYER ALL STAY. POOL HAS FENCING! TONS OF CEILING FANS. MASTER HAS SEPARATE SHOWER AND TUB, TOO! **AND SOLAR, TOO!!** COME ON....! RIGHT?! THIS IS ONE IN A MILLION FOR PRICE AND VALUE! GORGEOUS PARK ACROSS THE STREET. LOTS OF ON STREET PARKING. CLOSE TO HWY 4 BYPASS, EDUCATION, HEALTHCARE, TRANSPORTATION AND SHOPPING. GO SEE IT NOW! MAKE SURE YOU CHECK OUT THE MEDIA LINK! THERE'S A 3-D MATTERPORT IN THERE. YOU CAN SEE THE HOME BEFORE YOU SEE THE HOME! (funny, right?)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Four Seasons

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $246k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Four Seasons

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12823193

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,345
Property Tax -$671
Property Insurance -$71
Property Management Fees -$149
CASH FLOW
-$615

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$675,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,281

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,825

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,8004$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 1029 Claremont Dr Brentwood, CA 1
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 747 Allbrook Ct Brentwood, CA 2
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1994
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.60
    •  
  • 740 Canyonwood Brentwood, CA 3
    • 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1994
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.49
    •  
  • 20 Barrington Ct Brentwood, CA 4
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1992
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.73
    •  
  • 1170 Brookdale Dr Brentwood, CA 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
PROPERTY LISTING DETAILS
Rick Geha
Exp Realty Of California
BESbswy